Leased Occupancy at Marketplace at Seminole Towne Center Reaches 100%

Core Viewpoint - CTO Realty Growth, Inc. has signed an anchor lease with a national retailer, achieving 100% leased occupancy at Marketplace at Seminole Towne Center in Orlando, Florida [1][2][3] Group 1: Lease Details - The new lease covers 48,000 square feet, consolidating 34,000 square feet previously occupied by Big Lots, along with 9,000 square feet of small shop space and 5,000 square feet of new expansion space [2] - The lease has an initial term of 10 years, with the tenant expected to open in early 2027 [2] Group 2: Company Performance and Strategy - The execution of this lease resolves seven out of ten vacant anchor spaces, presenting a mark-to-market releasing opportunity to generate net operating income (NOI) growth [3] - The company is negotiating leases with several prospective tenants and aims for a 40% to 60% positive cash leasing spread across all ten anchor spaces [3] Group 3: Property Overview - Marketplace at Seminole Towne Center spans 320,000 square feet across 41 acres, strategically located along I-4 and SR 417, just over 20 miles north of downtown Orlando [3] - The center is anchored by national retailers such as Target, Burlington, Marshalls, Boot Barn, and Ross Dress for Less, providing high foot traffic and strong visibility [3]